what is the correct way to prepare NBT for manufacture

asked Feb 7, 2018 in NBT by Shanu
what is the correct way to prepare NBT  for manufacture

Sales 100
NBT     02
          102
VAT     15.3
          117.3

Payable to IRD 100*.02 or 102*.02  ??

1 Answer

0 votes
answered Feb 7, 2018 by Visio (4,210 points)
VAT is calculated on the total of Price+NBT. Payable to IRD based on 102*2%. If you want to get full amount from customer, you need to charge 2/98 on price

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